Reorganization

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Reorganization

Creation of a plan to restructure a debtor's business and restore its financial health.

Reorganization

The act or process of changing the terms on the assets and/or liabilities of a company. That is, a company may consolidate its debts, significantly change the size and scope of its operations, and take other measures to reduce the strain of continuing operations. Most companies reorganize either as part of a bankruptcy or as an effort to avoid it. If the company is reorganizing as part of a corporate bankruptcy, it is said to be in receivership.

reorganization

The restatement of assets to current market value along with a restructuring of liabilities and equity to reflect the reduction in asset values and negotiations with creditors. Reorganization is used as an attempt to keep a financially troubled or bankrupt firm viable. See also Chapter 11.
References in periodicals archive ?
Rather than the mostly linear model provided on the printed page[2], it offers writing made of parts or pieces that can be manipulated and layered and organized and re-organized according to the reader's interests or needs.
The concept was re-organized in 1994 as the Southeast AgNet and expanded beyond Florida to include a network of radio outlets in Alabama and Georgia.
The user-friendly and re-organized content features of the Web site have been ratcheted up so that IFA members and prospective small-business owners can gain immediate access to material on the state of franchising.
The Shuttle XP shelves can be re-organized to adjust to multiple business needs.
Vanhecke promised that the VB would be re-organized under a different name and continue its activism, with only minor alterations of its program.
BEA during its first fiscal quarter re-organized sales to target SMBs, a unit called General Accounts, whilst also taking steps to better tackle vertical markets with applications based on its WebLogic platform.
She renovated and re-organized the store, adding bright, "fun" colors, which have drawn a tremendous customer response.
The INS was recently re-organized into three bureaus under the federal Department of Homeland Security, but department officials in Chicago said no new staff have been hired to handle the extra workload brought on by special registration.
A nucleus contextual cause is a dynamism which manifests itself at two levels: first is at the social level, which causes certain unrest and stirring within the society as if the whole structure of the society is re-shaping itself and thus every social institution is affected by this dynamism; but most importantly, the political and educational institutions are re-organized as a result of this unrest; second is at the level of learning and it is this dynamism which causes a lively exchange of ideas on scientific and intellectual subjects among the learned of the community.
In other news, JPMS re-organized and color-coded the Tea Tree collection into Body, Care and Groom sections, and has extended the collection with Tea Tree Hair and Body moisturizer and Tea Tree Grooming pomade.
Houston, has re-organized part of its recycling division, forming the Recycle America Alliance.
With the addition of Synteko to DCNA, we have re-organized into two profit centers to ensure that we maintain the momentum we've built for our Sikkens brand, while making certain that Synteko receives the attention necessary for its growth," said Theo Bouwens, general manager, DCNA.